JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) is Meridian Financial Partners LLC’s 3rd Largest Position

Meridian Financial Partners LLC reduced its position in shares of JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 33.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,193 shares of the company’s stock after selling 95,613 shares during the quarter. JPMorgan Ultra-Short Income ETF accounts for approximately 5.0% of Meridian Financial Partners LLC’s investment portfolio, making the stock its 3rd biggest holding. Meridian Financial Partners LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $9,379,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of JPST. Eastern Bank raised its position in JPMorgan Ultra-Short Income ETF by 95.1% during the fourth quarter. Eastern Bank now owns 513 shares of the company’s stock worth $26,000 after acquiring an additional 250 shares during the period. Kennebec Savings Bank purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the third quarter worth about $27,000. Hershey Financial Advisers LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $30,000. Whittier Trust Co. lifted its stake in JPMorgan Ultra-Short Income ETF by 29.5% in the 3rd quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock valued at $66,000 after buying an additional 295 shares in the last quarter. Finally, Wagner Wealth Management LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 188.4% in the 3rd quarter. Wagner Wealth Management LLC now owns 1,693 shares of the company’s stock valued at $86,000 after buying an additional 1,106 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST opened at $50.43 on Wednesday. The stock has a 50 day moving average of $50.47 and a two-hundred day moving average of $50.51. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.75.

JPMorgan Ultra-Short Income ETF Company Profile

The JPMorgan Ultra-Short Income ETF (JPST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated debt securities with an effective duration of one year or less. JPST was launched on May 17, 2017 and is managed by JPMorgan Chase.